$250,000
SOLD MAR 5, 2025

401 Madrona Ave SE Unit 1 Salem, OR 97302

Faye Wright Neighborhood
2 Beds
1 Bath
925 Sq Ft
$200/mo HOA Fee

Recently Sold

$270 Per Sq Ft

2 Days on Market

Highlights

  • Seasonal View
  • Dining Room
  • Community Deck or Porch
  • Living Room
  • Family Room
  • Level Lot

About This Home

As of March 2025

Updated 2-bed, 1-bath condo in a prime location! This bright unit features modern flooring, fresh paint, and a fully updated kitchen with stainless steel appliances. The open living and dining space is perfect for relaxing or entertaining. Both bedrooms offer ample closet space, and the updated bathroom adds a contemporary touch. Enjoy the convenience of in-unit laundry and assigned parking. This move-in-ready condo is ideal for first-time buyers or those seeking a low-maintenance lifestyle! HOA $200/mo

Last Agent to Sell the Property

Devin Thiele

Sparrow Real Estate, LLC License #201206009 Listed on: 01/30/2025

Last Buyer's Agent

Jordan HILL

eXp Realty, LLC License #201226273

eXp Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,498

Year Built

  • Built in 1971

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Lap Siding

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Seasonal Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Off-Street Parking
  • Deeded Parking

Schools

  • Salem Hts Elementary School
  • Crossler Middle School
  • Sprague High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 580677

Community Details

Overview

  • 24 Units

Amenities

  • Community Deck or Porch

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,498

Year Built

Built in 1971

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1971
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: No
  • CondominiumStorageAvailYN: No
  • CondominiumUnitsInComplex: 24
  • CondominiumWasherDryer: IncludedInUnit
  • CondominiumYardYN: No
  • Open House: No
  • CondominiumTotalLevels: 2
  • Unit Floor Number: 1
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 1.0
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 2
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: LapSiding
  • View: Yes
  • Lot Features: Level, Seasonal
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • View: Seasonal

Garage/Parking

  • Parking Description: Deeded, OffStreet
  • Attached Garage: No
  • CondominiumGarageType: Deeded
  • CondominiumParkingTandemYN: No
  • CondominiumParkingTax: 0.00

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: GroundFloor
  • Senior Community: No
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: TBD
  • CondominiumAssociationEmail: TBD
  • CondominiumAssociationName: TBD
  • CondominiumAssociationPhone: 000-000-0000
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Salem Hts
  • High School: Sprague
  • Middle Or Junior School: Crossler

Lot Info

  • Land Lease: No
  • Parcel #: 580677

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 1497.91

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2025
Closed on
Feb 27, 2025
Sold by
Dill Trevor Thaxton
Bought by
Kirkman Lyndsay M
Seller's Agent
Devin Thiele
Sparrow Real Estate, LLC
Buyer's Agent
Jordan HILL
eXp Realty, LLC
List Price
$250,000
Sold Price
$250,000
Views
12
Current Estimated Value
$246,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,840
Avg. Annual Appreciation
-2.26%
Original Mortgage
$175,000
Outstanding Balance
$174,855
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$72,701

Purchase Details

Closed on
Dec 10, 2020
Sold by
Vanhook Jeffrey and Vanhook Van Hook
Bought by
Dill Trevor Thaxton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2020
Sold by
Vanhook Jeffrey
Bought by
Vanhook Jeffrey and Vanhook Van Hook
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 Fidelity National Title
Warranty Deed $130,000 Ticor Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 New Conventional
Previous Owner $126,100 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Sold $250,000 0.0% $270 / Sq Ft
02/01/2025 02/01/25 Pending -- -- --
01/30/2025 01/30/25 For Sale $250,000 -- $270 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,498 $76,290 -- $76,290
2023 $1,454 $74,070 $0 $74,070
2022 $1,371 $71,920 $0 $0
2021 $1,332 $69,830 $0 $0
2020 $1,333 $67,800 $0 $0
2019 $1,248 $65,830 $0 $0
2018 $1,270 $0 $0 $0
2017 $1,146 $0 $0 $0
2016 $1,088 $0 $0 $0
2015 $1,078 $0 $0 $0
2014 $1,021 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 153669273

Regional Multiple Listing Service (RMLS)

APN: 580677